Brussels – The euro area annual inflation rate was 2.0% in August 2018, down from 2.1% in July 2018. A year earlier, the rate was 1.5%. European Union annual inflation was 2.1% in August 2018, down from 2.2% in July. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Denmark (0.8%), Ireland and Greece (both 0.9%). The highest annual rates were recorded in Romania (4.7%), Bulgaria (3.7%), Estonia (3.5%) and Hungary (3.4%). Compared with July 2018, annual inflation fell in twelve Member States, remained stable in five and rose in ten.
In August 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.87 percentage points, pp), followed by services (+0.59 pp), food, alcohol & tobacco (+0.48 pp) and non-energy industrial goods (+0.09 pp).
Inflation rates (%) measured by the HICP
| Annual rate | Monthly rate | ||||||||
| Aug 17 | Mar 18 | Apr 18 | May 18 | Jun 18 | Jul 18 | Aug 18 | Aug 18 | ||
| Euro area | 1.5 | 1.3 | 1.3 | 1.9 | 2.0 | 2.1 | 2.0 | 0.2 | |
| EU | 1.7 | 1.5 | 1.5 | 2.0 | 2.1 | 2.2 | 2.1 | 0.2 | |
| Belgium | 2.0 | 1.5 | 1.6 | 2.3 | 2.6 | 2.7 | 2.6 | 1.4 | |
| Bulgaria | 0.7 | 1.9 | 1.7 | 2.3 | 3.0 | 3.6 | 3.7 | 0.3 | |
| Czech Republic | 2.4 | 1.6 | 1.8 | 2.0 | 2.4 | 2.2 | 2.4 | 0.0 | |
| Denmark | 1.5 | 0.4 | 0.7 | 1.0 | 1.1 | 0.9 | 0.8 | -0.5 | |
| Germany | 1.8 | 1.5 | 1.4 | 2.2 | 2.1 | 2.1 | 1.9 | 0.0 | |
| Estonia | 4.2 | 2.9 | 2.9 | 3.1 | 3.9 | 3.3 | 3.5 | 0.6 | |
| Ireland | 0.4 | 0.5 | -0.1 | 0.7 | 0.7 | 1.0 | 0.9 | 0.3 | |
| Greece | 0.6 | 0.2 | 0.5 | 0.8 | 1.0 | 0.8 | 0.9 | -0.2 | |
| Spain | 2.0 | 1.3 | 1.1 | 2.1 | 2.3 | 2.3 | 2.2 | 0.1 | |
| France | 1.0 | 1.7 | 1.8 | 2.3 | 2.3 | 2.6 | 2.6 | 0.5 | |
| Croatia | 1.5 | 1.2 | 1.4 | 1.8 | 2.2 | 2.2 | 2.1 | 0.0 | |
| Italy | 1.4 | 0.9 | 0.6 | 1.0 | 1.4 | 1.9 | 1.6 | -0.2 | |
| Cyprus | 0.5 | -0.4 | -0.3 | 1.0 | 1.7 | 1.4 | 1.7 | 1.2 | |
| Latvia | 3.2 | 2.3 | 2.1 | 2.4 | 2.7 | 2.7 | 2.8 | 0.0 | |
| Lithuania | 4.6 | 2.5 | 2.2 | 2.9 | 2.6 | 2.3 | 1.8 | -0.4 | |
| Luxembourg | 2.3 | 1.1 | 1.3 | 2.1 | 2.4 | 2.5 | 2.4 | 1.4 | |
| Hungary | 2.7 | 2.0 | 2.4 | 2.9 | 3.2 | 3.4 | 3.4 | 0.0 | |
| Malta | 1.2 | 1.3 | 1.4 | 1.7 | 2.0 | 2.1 | 2.4 | 0.7 | |
| Netherlands | 1.5 | 1.0 | 1.0 | 1.9 | 1.7 | 1.9 | 2.1 | 0.4 | |
| Austria | 2.1 | 2.0 | 2.0 | 2.1 | 2.3 | 2.3 | 2.3 | 0.0 | |
| Poland | 1.4 | 0.7 | 0.9 | 1.2 | 1.4 | 1.4 | 1.4 | -0.2 | |
| Portugal | 1.3 | 0.8 | 0.3 | 1.4 | 2.0 | 2.2 | 1.3 | -0.7 | |
| Romania | 0.6 | 4.0 | 4.3 | 4.6 | 4.7 | 4.3 | 4.7 | 0.1 | |
| Slovenia | 1.4 | 1.5 | 1.9 | 2.2 | 2.3 | 2.1 | 2.0 | 0.0 | |
| Slovakia | 1.6 | 2.5 | 3.0 | 2.7 | 2.9 | 2.6 | 2.9 | 0.2 | |
| Finland | 0.8 | 0.9 | 0.8 | 1.0 | 1.2 | 1.4 | 1.4 | 0.1 | |
| Sweden | 2.2 | 2.0 | 1.8 | 2.0 | 2.1 | 2.2 | 2.1 | -0.3 | |
| United Kingdom | 2.9 | 2.5 | 2.4 | 2.4 | 2.4 | 2.5 | : | : | |
| Iceland | -2.6 | 0.3 | -0.7 | 0.0 | 1.4 | 1.9 | 2.1 | -0.5 | |
| Norway | 1.3 | 2.2 | 2.6 | 2.3 | 2.7 | 3.5 | 3.9 | -0.4 | |
| Switzerland | 0.5 | 0.7 | 0.4 | 1.0 | 0.9 | 1.2 | 1.3 | 0.0 | |
: = not available
The source dataset is available here.
Euro area inflation rate (%), selected aggregates
| Weight (‰) | Annual rate | Monthly rate | ||||||||
| 2018 | Aug 17 | Mar 18 | Apr 18 | May 18 | Jun 18 | Jul 18 | Aug 18 | Aug 18 | ||
| All-items HICP | 1000.0 | 1.5 | 1.3 | 1.3 | 1.9 | 2.0 | 2.1 | 2.0 | 0.2 | |
| All-items excluding: > energy | 903.0 | 1.2 | 1.3 | 1.1 | 1.4 | 1.3 | 1.4 | 1.3 | 0.1 | |
| > energy, unprocessed food | 828.2 | 1.3 | 1.3 | 1.1 | 1.3 | 1.2 | 1.3 | 1.2 | 0.1 | |
| > energy, food, alcohol & tobacco | 707.3 | 1.2 | 1.0 | 0.8 | 1.1 | 0.9 | 1.1 | 1.0 | 0.2 | |
| > energy, seasonal food | 862.6 | 1.3 | 1.3 | 1.1 | 1.3 | 1.2 | 1.3 | 1.2 | 0.2 | |
| > tobacco | 976.7 | 1.5 | 1.2 | 1.1 | 1.8 | 1.9 | 2.1 | 1.9 | 0.2 | |
| Food, alcohol & tobacco | 195.7 | 1.4 | 2.1 | 2.4 | 2.5 | 2.7 | 2.5 | 2.4 | 0.0 | |
| > processed food, alcohol & tobacco | 121.0 | 2.0 | 2.9 | 3.0 | 2.6 | 2.6 | 2.4 | 2.4 | 0.1 | |
| > unprocessed food | 74.8 | 0.6 | 0.8 | 1.5 | 2.4 | 2.9 | 2.6 | 2.5 | -0.1 | |
| Energy | 97.0 | 4.0 | 2.0 | 2.6 | 6.1 | 8.0 | 9.5 | 9.2 | 0.5 | |
| Non-energy industrial goods | 263.3 | 0.5 | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.2 | |
| Services | 443.9 | 1.6 | 1.5 | 1.0 | 1.6 | 1.3 | 1.4 | 1.3 | 0.1 | |
Contributions to the euro area annual inflation rate (pp), selected aggregates
| Contributions | |||||||
| Aug 17 | Mar 18 | Apr 18 | May 18 | Jun 18 | Jul 18 | Aug 18 | |
| Food, alcohol & tobacco | 0.29 | 0.41 | 0.47 | 0.50 | 0.53 | 0.49 | 0.48 |
| > processed food, alcohol & tobacco | 0.24 | 0.35 | 0.36 | 0.31 | 0.31 | 0.30 | 0.29 |
| > unprocessed food | 0.05 | 0.06 | 0.11 | 0.18 | 0.22 | 0.20 | 0.19 |
| Energy | 0.38 | 0.20 | 0.25 | 0.58 | 0.76 | 0.89 | 0.87 |
| Non-energy industrial goods | 0.13 | 0.07 | 0.09 | 0.08 | 0.10 | 0.12 | 0.09 |
| Services | 0.71 | 0.67 | 0.45 | 0.72 | 0.57 | 0.64 | 0.59 |
The full dataset is available in the Eurostat online database.
